Victory Transformers & Switchgears Limited - Company Profile

It is a energy and power public limited company based in Chennai, Tamil Nadu, India, established in 2004.
2004 Chennai, Tamil Nadu, India Under Liquidation
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About Victory Transformers & Switchgears Limited

Victory Transformers & Switchgears Limited, a under liquidation public limited company, was established on 30 April 2004 in Chennai, Tamil Nadu, India. Engaging in power equipment manufacturers within the energy and power sector, it holds CIN: U29199TN2004PLC078244. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹6.00 Cr and a paid-up capital of ₹5.90 Cr.

It upholds a active non-compliant status. Its leadership includes Manoj Vaddineni (Whole-Time Director), Mahendra Kumar Vaddineni (Managing Director), Venkatappaiah Naidu Vaddineni (Director). Past directors included Manoj Vaddineni, Vaddineni Savitri Naidu, Devasena Vaddineni. It holds ₹465.05 Cr open charges and ₹122.50 Cr settled loans. Its latest AGM occurred on 28 September 2019, with the balance sheet filed on 31 March 2019. It is based at #850/64B,T.H.Road,Near Royal Enfield, Thiruvotriyur,, Chennai, Tamil Nadu, 600019.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U29199TN2004PLC078244

  • Registration Number

    078244

  • Incorporation Date

    30 April 2004

  • Authorized Capital

    ₹6.00 Cr

  • Paid-Up Capital

    ₹5.90 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Under Liquidation

Key Metrics
  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 5.90 Cr
  • Company Age 21 Year, 9 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 465.05 Cr
  • Satisfied Charges ₹ 122.50 Cr
  • Revenue Growth **** -96.31%
  • Profit Growth **** -119.52%
  • Ebitda **** -92.36%
  • Net Worth -63.26%
  • Total Assets -11.55%
Company report

Victory Transformers & Switchgears Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Victory Transformers & Switchgears Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Victory Transformers & Switchgears Limited?
Current Directors
Name Designation Appointment Date Status
Manoj Vaddineni Whole-Time Director 10 May 2004 Current
Mahendra Kumar Vaddineni Managing Director 30 Apr 2004 Current
Venkatappaiah Naidu Vaddineni Director 30 Apr 2004 Current
Manish Chhajed Director 01 May 2009 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 01 Aug 2007 Past
Pramod Abcsdd Director 11 Jan 2011 Past
Pramod Abcsdd Director 11 Jan 2011 Past
Pramod Abcsdd Director 11 Jan 2011 Past
Pramod Abcsdd Director 06 Feb 2019 Past

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Financial Performance of Victory Transformers & Switchgears.

Victory Transformers & Switchgears Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 96.31% decrease. The company also saw a substantial fall in profitability, with a 119.52% decrease in profit. The company's net worth observed a substantial decline by a decrease of 63.26%.

Victory Transformers & Switchgears revenue growth over time
Victory Transformers & Switchgears profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -96.31%
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Revenue from Operations
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 59.21%
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Total Assets
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 -11.55%
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Profit or Loss
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 -119.52%
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Net Worth
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 -63.26%
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EBITDA
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 -92.36%
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*******

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What is the Ownership and Shareholding Structure of Victory Transformers & Switchgears?

In 2019, Victory Transformers & Switchgears had a promoter holding of 75.06% and a public holding of 24.94%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹4,650,500,000.00

Satisfied Charges

₹1,225,000,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 338.55 Cr
  • Bank Of Baroda : 83.00 Cr
  • Edelweiss Asset Reconstruction Company Limited : 31.00 Cr
  • Ge Capital Services India : 12.50 Cr
Latest Charge Details
Date Lender Amount Status
15 Jun 2011 Edelweiss Asset Reconstruction Company Limited ₹31.00 Cr Open
28 Apr 2011 Ge Capital Services India ₹12.50 Cr Open
16 Nov 2009 State Bank Of India ₹242.12 Cr Open
23 Mar 2009 Bank Of Baroda ₹83.00 Cr Open
14 Aug 2004 State Bank Of India ₹5.00 Cr Open

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How Many Employees Work at Victory Transformers & Switchgears?

Unlock and access historical data on people associated with Victory Transformers & Switchgears, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Victory Transformers & Switchgears, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Victory Transformers & Switchgears's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Victory Transformers & Switchgears
Recent Activity within the Organization
  • Annual General Meeting

    Victory Transformers & Switchgears Limited last Annual general meeting of members was held on 28 Sep 2019 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Victory Transformers & Switchgears Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Chennai. was recorded as a recent event.

  • Charges

    A charge registered on 15 Feb 2010 via Charge ID 10201691 with Barclays Bank Plc was fully satisfied on 15 May 2014. was recorded as a recent event.

  • Charges

    A charge with Edelweiss Asset Reconstruction Company Limited of Rs. 31.00 Cr registered on 15 Jun 2011 with Charge ID 10324976 was modified on 26 Mar 2014. was recorded as a recent event.

  • Charges

    The activity A charge with State Bank Of India of Rs. 91.43 Cr registered on 14 Aug 2004 with Charge ID 90262508 was modified on 02 Jul 2012. was completed.

  • Charges

    The activity A charge with Edelweiss Asset Reconstruction Company Limited amounted to Rs. 31.00 Cr with Charge ID 10324976 was registered on 15 Jun 2011. was completed.

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Frequently Asked Questions
What is the CIN of Victory Transformers & Switchgears Limited?

The CIN of Victory Transformers & Switchgears Limited is U29199TN2004PLC078244.

Where is Victory Transformers & Switchgears Limited headquartered?

Victory Transformers & Switchgears Limited is headquartered at #850/64B,T.H.Road,Near Royal Enfield, Thiruvotriyur,, Chennai, Tamil Nadu, 600019.

When was Victory Transformers & Switchgears Limited incorporated?

Victory Transformers & Switchgears Limited was incorporated on 30 April 2004.

Who are the current directors of Victory Transformers & Switchgears Limited?

The current directors of Victory Transformers & Switchgears Limited are

What is the primary industry of Victory Transformers & Switchgears Limited?

The primary industry of Victory Transformers & Switchgears Limited is Energy And Power.

Is Victory Transformers & Switchgears Limited a listed company?

Victory Transformers & Switchgears Limited is unlisted.

What is the capital structure of Victory Transformers & Switchgears Limited?

The authorized capital of Victory Transformers & Switchgears Limited is ₹6.00 Cr, and the paid-up capital is ₹5.90 Cr.

What is the compliance status of Victory Transformers & Switchgears Limited?

The compliance status of Victory Transformers & Switchgears Limited is Active Non-Compliant.

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